Analytical framework for evaluating energy and capacity shortages. Final report

Technical Report · Tue Apr 01 04:00:00 EST 1980

DOI:https://doi.org/10.2172/5265228· OSTI ID:5265228

Mosbaek, E. J.

A methodology for estimating shortage cost is presented, and two examples of shortage costs are given, namely: the 1976-1977 winter shortfall in natural-gas supply, and a 1978 spot shortage in electric power. The methodology shows how to develop a comprehensive estimate of willingness-to-pay to avoid shortages - a total comprised of the willingness-to-pay producers, employees, consumers, and the general public. The 1976-1977 natural gas experience indicates that total costs per million Btu's of shortage (i.e., the cost for every Mcf of curtailment to non-residential users who are not normally curtailed) are $54 and $5 for capacity and energy shortages, respectively. The dielectric power shortage indicates that total costs per million Btu's of shortage are $670 (i.e., a cost of $2.30 for every kWh of shortage to non-residential users).

• Research Organization: Faucett (Jack) Associates, Inc., Chevy Chase, MD (USA)
• OSTI ID: 5265228
• Report Number(s): EPRI-EA-1215(Vol.2)
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000 -- Energy Planning & Policy-- Electric Power
ATTITUDES
CAPACITY
COST
ECONOMIC IMPACT
ELECTRIC POWER
ENERGY SHORTAGES
ENERGY SOURCES
EVALUATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
NATURAL GAS
POWER
PUBLIC OPINION
RELIABILITY
SHORTAGES